Should China aim for the lead in making AI rules for the world?

Moonshot AI’s Kimi K3 has exposed gaps in global governance, and the first and best will win, Chinese institute says

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Moonshot AI’s Kimi K3 model has sent shock waves through Silicon Valley and the White House. Photo: Reuters

Beijing should step in to fill the global “vacuum” in rules on artificial intelligence as a Chinese AI model opens up a policy divide in the United States, according to various institutions within China.

Moonshot, which was founded just three years ago, released the model’s


AI boom will sustain Hong Kong’s export surge, lift GDP outlook, economists say

Memory cards for sale at a Mong Kok shop. Hong Kong exports rose by 53.4 per cent in June, driven by demand for electronic products supporting AI. Photo: Jelly Tse
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South Korean scientists solve 250-year-old dementia-linked brain mystery

The researchers found that gently stimulating vessels around the eyes and nose can enhance brain-waste clearance. Photo: Shutterstock

Researchers in South Korea say they have finally worked out how the brain flushes away waste – offering a clearer picture of the processes involved in dementia and other brain disorders that could one day be harnessed to treat them.

The breakthrough, published this month in journal Cell, solved a puzzle that has stumped scientists since lymphatic vessels around the brain were first discovered roughly 250 years ago: how does our body clear away the waste?

An international

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Shanghai Clearing House targets global growth with expanded offshore yuan push

China is taking steps to expand the offshore yuan pool by pushing a new model to boost international sales of its domestic bonds. Photo: CFOTO/Future Publishing via Getty Images

China is pushing a new model to boost international sales of its domestic bonds, with the Shanghai Clearing House (SHCH) leveraging global financial networks to expand the offshore yuan pool .
Writing in a recent article, SHCH chief Ma Jianyang noted that the initiative was designed to solidify Shanghai’s dominance in offshore yuan derivatives clearing while insulating the domestic market from cross-border financial risks .

As part of this push, SHCH will broaden its clearing services


Elon Musk launches invite-only X Money where users can send cash to one another

Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another.

The service, known as X Money, is not a new bank. X Money is using technology and banking services provided by Cross River Bank and branding that backbone as X Money. It is common for new financial companies to use a traditional bank’s backbone to launch their services, as chartering a new bank is a timely and costly process.

Currently X


Life in prison, no parole, for US teenager who killed 4 in Georgia school shooting

Colt Gray is flanked by police as he is led in to court for his sentencing at Barrow County Superior Court in Winder, Georgia. Photo: Atlanta Journal-Constitution via AP, Pool

A US teenager who shot dead four people at a high school with a gun his father gave him as a Christmas present was sentenced to life in prison on Tuesday.

Colt Gray, 16, pleaded guilty to carrying out the September 2024 attack at Apalachee High School in the town of Winder, Georgia.

Gray was 14 years old when he shot dead two 14-year-old pupils and two teachers, while


Saudi Arabia says it shot down more drones as Houthis claim to have turned back tanker

Saudi Arabia said on Tuesday that it shot down drones fired by Iran-backed militias in Iraq for a second day, while Iran-backed Houthi rebels in Yemen claimed to have forced a Saudi oil tanker to turn around as part of their self-styled blockade of the kingdom.

The attacks underscored lingering tensions despite a period of calm between the United States and Iran, neither of which has announced attacks for days following weeks of escalation over the Strait of Hormuz.

The Saudi Defence Ministry said in a statement that air defences


US bans new Chinese robots, power inverters in latest tech crackdown

Trump administration cites threats to US national security and supply chain vulnerabilities as reasons for latest sanctions

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A wheeled robot by Shanghai-based robot maker AgiBot operates at a supermarket checkout. The Trump administration announced bans on imports of new Chinese robots on Tuesday. Photo: Handout

The Trump administration on Tuesday announced bans on imports of new Chinese robots and power inverters , citing threats to US national security and supply chain vulnerabilities.

The action would ban the import and sale of new robotic devices and power inverters but would not affect any previously bought devices.

“The networked capabilities of advanced robotic systems create


Can China and Indonesia’s strong financial ties withstand ‘resource nationalism’?

Illustration: Lau Ka-kuen

Emma Ma in Shanghai and Sylvia Ma in Shanghai

Back in 2009, when China’s economy was expanding at about twice today’s pace, a little-known private firm made a quiet bet on uncharted territory: Indonesia.

The company was on a quest: to secure nickel, a vital industrial metal used in stainless steel production and, increasingly, to power advanced batteries.

That bet proved lucrative. By leveraging Indonesia’

Nvidia CEO Jensen Huang meets US officials as scrutiny grows over China chip access

Washington visit comes amid investigation into whether restricted processors were used to train Moonshot AI models

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Nvidia CEO Jensen Huang is reportedly meeting with US officials and lawmakers in Washington this week, while the Trump administration continues to investigate potential violations related to Nvidia’s AI chip exports to China. Photo: AFP

Vincent Chow in Washington

Nvidia chief executive Jensen Huang is meeting US officials and lawmakers in Washington this week amid reports that its export-controlled processors have been used to train advanced Chinese artificial intelligence models.
Huang met with US Commerce Secretary Howard Lutnick on